Genting Malaysia inched above the RM3.20 resistance level in its latest session. With an RSI level above 50%, it may continue to climb towards its short-term target price of RM3.34 followed by RM3.46. If it closes below RM3.20, expect a sideway movement. Support price is anticipated at RM3.08, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM3.20

Target: RM3.34, RM3.46 (time frame: 3-6 weeks)

Exit: RM3.08

Source: AmInvest Research - 11 Sept 2019